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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
INTEREST INCOME:        
Interest and fees on loans and leases $ 1,356 $ 1,287 $ 4,129 $ 3,663
Interest and fees on loans held for sale, at fair value 19 14 45 23
Interest and fees on other loans held for sale 2 2 8 9
Investment securities 153 167 483 500
Interest-bearing deposits in banks 8 7 23 21
Total interest income 1,538 1,477 4,688 4,216
INTEREST EXPENSE:        
Deposits 297 214 892 540
Federal funds purchased and securities sold under agreements to repurchase 2 2 7 4
Other short-term borrowed funds 0 4 1 7
Long-term borrowed funds 94 109 317 305
Total interest expense 393 329 1,217 856
Net interest income 1,145 1,148 3,471 3,360
Provision for credit losses 101 78 283 241
Net interest income after provision for credit losses 1,044 1,070 3,188 3,119
NONINTEREST INCOME:        
Service charges and fees 128 131 377 382
Card fees 67 61 190 182
Capital markets fees 39 47 150 134
Trust and investment services fees 50 45 150 128
Mortgage banking fees 117 49 222 101
Letter of credit and loan fees 34 32 100 94
Foreign exchange and interest rate products 35 31 106 92
Securities gains, net 3 3 15 13
Net impairment losses recognized in earnings on debt securities (1) (1) (2) (3)
Other income 21 18 75 52
Total noninterest income 493 416 1,383 1,175
NONINTEREST EXPENSE:        
Salaries and employee benefits 508 474 1,524 1,397
Equipment and software expense 130 117 381 340
Outside services 128 107 356 312
Occupancy 80 81 245 241
Other operating expense 127 131 355 378
Total noninterest expense 973 910 2,861 2,668
Income before income tax expense 564 576 1,710 1,626
Income tax expense 115 133 369 370
NET INCOME 449 443 1,341 1,256
Net income available to common stockholders $ 432 $ 436 $ 1,291 $ 1,242
Weighted-average common shares outstanding:        
Basic (in Shares) 445,703,987 475,957,526 454,802,186 482,691,884
Diluted (in Shares) 447,134,595 477,599,917 456,218,755 484,250,843
Per common share information:        
Basic earnings (in dollars per share) $ 0.97 $ 0.92 $ 2.84 $ 2.57
Diluted earnings (in Dollars per Share) $ 0.97 $ 0.91 $ 2.83 $ 2.57